AJT Engineering of Aberdeen has acquired local downhole company Black Gold Oil Tools from its former managing director for an undisclosed sum.

AJT managing director Ken Gauld said his firm was "very pleased" to have completed the deal with Black Gold's previous owner, Mel Maitland. Maitland is retiring, but other members of staff including directors Allan Leslie and Tom Flynn will continue in their current roles.

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"All Black Gold Oil Tools ' staff will be continuing with the business and this is another step in our expansion plans for 2018 as we actively recruit for additional personnel," Gauld said.

Set up in 1974, Black Gold specialises in precision oilfield engineering, manufacture and repair, and has extensive experience in downhole tools.

The business will continue to trade as Black Gold Oil Tools, and becomes part of the AJT Group of companies.

"With its location adjacent to our existing site at Altens, the additional yard space provides the welcome opportunity to expand our storage and maintenance provision and will allow us to consolidate various business streams on the one site." Gauld added.

"This acquisition is a good fit for AJT Engineering. Importantly, it will also allow us to expand the AJT Site Services division and opens new markets for AJT Engineering."